Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

BYD, Commerzbank, Osino Resources - very exciting developments for investors

Mario Hose Mario Hose, news.financial
0 Comments| July 16, 2020

{{labelSign}}  Favorites
{{errorMessage}}

Investors around the world are looking for the next opportunity to invest or secure their money. Access to information and the networking of capital and the media are creating increasingly strong trends. "The trend is your friend," says an old stock market saying. But it is always followed by "The devil will take the hindmost." It's getting harder and harder to buy and leave it. The disruption of old business models poses great challenges for conservative investors. Nevertheless, there are exciting developments that offer great opportunities for investors.

Success by script

The central banks are creating great demand for gold by increasing the money supply. The world's oldest currency has been rising significantly since last year and there is no end in sight. For this reason, the interest in potential new discoveries in the exploration sector is also increasing. Osino Resources (TSXV: OSI) has just successfully completed a further round of financing and received CAD 17.7 million in fresh capital. CEO Heye Daun knows his way around and knows what's important. He has already made an exploration company capable of being taken over in 2012 and this is now being repeated with Osino.

Daun mentions some details in the company's announcement: "This financing is a very important milestone that substantially de-risks the Company and allows us to further expand all of our activities with a view to fast-tracking the timeline to maiden resource, PEA and further project development of the Twin Hills area of the Karibib Gold Project. Osino is now fully funded for expanded exploration and resource drilling and accelerated development studies for Twin Hills. We are also very pleased to have been able to further diversify and strengthen our shareholder base by attracting a range of highly reputable, long-term institutional investors who share our vision of making further discoveries whilst rapidly growing and advancing Osino's existing Namibian projects."

Successful false start

The Chinese conglomerate BYD (OTC-PINK: BYDDF) is active in the mobility sector and manufactures batteries in addition to various vehicle models. Due to the Corona Pandemic, however, the sales of vehicles have fallen from 228,000 to 158,600. Nevertheless, the company's shares have been able to complete a rally in recent weeks, which now appears to have slowed down.

The analysts from DZ Bank started their coverage of BYD and started it with a ‘Sell’ recommendation. They see a price target of HKD 65.00, which is equivalent to a price of EUR 7.35. With a 2021e P/E ratio of 73, the experts currently see no further price potential. Yesterday the share was traded at around EUR 8.90.

Claims for damages due to Wirecard?

Commerzbank (FSE: CBK) left the DAX in 2018 and had to give up the field to Wirecard (FSE: WDI), an up-and-coming Fintech company at the time. The company against which the public prosecutor's office in Munich was already investigating in 2010 and which was discontinued in 2012, as reported by the magazine 'CAPITAL'. As can be seen from the report, the facts of the case were already evident at the time and it could be proven that the company was actively engaged in money laundering via illegal gaming platforms. It should not have had to come so far as it did now. "Why was Wirecard not already vigorously cracked down in 2010?" These are the questions that many damaged parties are currently asking themselves.

Of particular interest will be the future constellation of Commerzbank as lender to Wirecard and the auditing company EY. EY has certified a large position on Wirecard's balance sheet over many years and thus made creditworthiness possible in the first place, which means that Commerzbank will probably have to make write-downs in the millions. Since 2017, EY has also been Commerzbank's auditor again. Will claims for damages now come into play? Obviously.

CONFLICT OF INTEREST & RISK NOTE

We would like to point out that Apaton Finance GmbH, the owner of news.financial, as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our ´Conflict of Interest & Risk Disclosure´.


{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company